Airbnb (ABNB) stock price is off its all-time lows from the end of December 2022. Why do ABNB shares continue to be under pressure even with travel demand? Also, how does Airbnb compare to hotels like Hyatt (H), Marriott (MAR), Hilton (HLT), and InterContinental (IHG)? “What has hurt Airbnb is the public and consumer perception of value. It can get troublesome to get a list of things to do before leaving the property in an ABNB house versus staying at a hotel. Social media mentions of booking a hotel, flying for leisure, and taking a trip are all up year-over-year. These could be a tailwind for a company like Airbnb (ABNB), including the pent-up demand from China,” says LikeFolio’s Andy Swan. Tom White and Kevin Hincks weigh in on the lack of Airbnb (ABNB) advertising for guests.
Fast Market
09 Jan 2023
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